Lockheed Martin Employee Benefit: 401K Plan | Glassdoor

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Lockheed Martin 401K Plan

Updated Jul 20, 2014

577 employees reported this benefit


Employer Summary

Lockheed Martin provides a 401(k) Savings Plan.

This information about the 401K Plan benefit at Lockheed Martin is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of Lockheed Martin. The description here may not reflect the current Lockheed Martin 401K Plan benefit.

Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 126
  • Feb 19, 2018
    StarStarStarStarStar Current Employee in Grand Prairie, Texas

    Pretty good match compared to other companies

  • Feb 16, 2018
    StarStarStarStarStar Former Software Engineer in King of Prussia, Pennsylvania

    Depends on the ledger, I've seen as low as 4% or as high as 10%, and it also depends who you know, we had people hired into the same position some got the 4% and 2 weeks off, others got 10% and 3 weeks off.

  • Feb 05, 2018
    StarStarStarStarStar Former Employee in Rockville, Maryland

    Provided a good company match

  • Jan 26, 2018
    StarStarStarStarStar Current Employee in Fort Worth, Texas

    Up to 4% match for 401K

  • Jan 20, 2018
    StarStarStarStarStar Former Employee in Littleton, Colorado

    Best Thought out and Implemented plan i have seen

  • Jan 14, 2018
    StarStarStarStarStar Current Employee in Lexington-Fayette, Kentucky

    Decent match of .5% up to an 8% employee contribution for a max annual of 12%. Voya program has fair investment options however employer contribution is all in company stock which has not been bad for the past few years but may not suit everyone's risk profile.

  • Dec 03, 2017

    LM contributes directly without your contributions as well as matches your inputs for a total of up to 10% from the company alone.

  • Dec 02, 2017
    StarStarStarStarStar Current Employee in Orlando, Florida

    401k vested from day one.

  • Nov 06, 2017
    StarStarStarStarStar Current Employee in Sunnyvale, California

    Overall a fairly solid plan. The 401(k) plan is managed by Voya and has a handful of very good fund options such as passively-managed, low-cost index funds. There are also a larger number of rather high-fee funds that should be avoided. The big disappointment is that the Target Date Retirement Funds are excessively expensive (0.7% expense ratios) and the fund managers have no intention of reducing those fees despite requests to do so.

  • Nov 05, 2017
    StarStarStarStarStar Current Systems Engineer in Sunnyvale, California

    Ok compared with other companies. Match is good at 4% if you contribute 8% or over. Choices of investment are ok through Voya with self managed option through Ameritrade.

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